>
Exams
>
Quantitative Aptitude
>
Compound Interest
>
a sum of money lent on compound interest amounts t
Question:
A sum of money lent on compound interest amounts to ₹968 in 2 years at 10% per annum interest compounded annually. find the sum.
CUET (PG) - 2023
CUET (PG)
Updated On:
Oct 17, 2024
Rs 827
Rs 845
Rs 800
RS 889
Hide Solution
Verified By Collegedunia
The Correct Option is
C
Solution and Explanation
The correct answer is (C) : Rs 800.
Download Solution in PDF
Was this answer helpful?
2
0
Top Questions on Compound Interest
For an investment, if the nominal rate of interest is
\(10\%\)
compounded half-yearly, then the effective rate of interest is:
CUET (UG) - 2024
Mathematics
Compound Interest
View Solution
A multinational company creates a sinking fund by setting a sum of Rs. 12,000 annually for 10 years to pay off a bond issue of Rs. 72,000. If the fund accumulates at
\(5\% \)
per annum compound interest, then the surplus after paying for bond is
CUET (UG) - 2024
Mathematics
Compound Interest
View Solution
A property dealer wishes to buy different houses given in the table below with some down payments and balance in EMI for 25 years. Bank charges 6% per annum compounded monthly.
CUET (UG) - 2024
Mathematics
Compound Interest
View Solution
A firm anticipates an expenditure of ₹10,000 for a new equipment at the end of 5 years from now. How much should the firm deposit at the end of each quarter into a sinking fund earning interest 10% per year compounded quarterly to provide for the purchase?
[Use (1.025)
20
=1.7]
CUET (UG) - 2024
Mathematics
Compound Interest
View Solution
In how many years a sum placed on compound interest becomes 8 times of itself, if it becomes twice in 6 years?
CUET (UG) - 2023
Mathematics
Compound Interest
View Solution
View More Questions
Questions Asked in CUET PG exam
What is the correct verb form: He, as well as his friends, ?
CUET (PG) - 2025
Verbs
View Solution
Which preposition is correct: Chanakya lived ?
CUET (PG) - 2025
Prepositions
View Solution
Identify the possessive noun: My office car is parked elsewhere.
CUET (PG) - 2025
Nouns
View Solution
Which tense is appropriate: How did Saira ?
CUET (PG) - 2025
Tenses
View Solution
Complete the sentence: There is a growing synthesis between humanism and ?
CUET (PG) - 2025
Sentence Completion
View Solution
View More Questions